MY Stock 118

MY Stock 118 KLSE News & Tips

Bursa M’sia ends lower

KUALA LUMPUR: Bursa Malaysia ended lower today, weighed down by the selling of bluechips led by finance and trade and services stocks, while in line with the performance of most Southeast Asian peers, dealers said.

At close, the key FTSE Bursa Malaysia KLCI (FBM KLCI) was 2.90 points lower at 1,761.13, after moving between 1,758.54 and 1,762.64 throughout the day.

It opened 3.34 points lower at 1,760.69 from Monday’s close of 1,764.03.

A dealer said Asian share prices were mixed, while on Southeast Asian stock markets, they were mostly lower in taking cue from the softer overnight performance of Wall Street.

Investors stayed away from riskier assets, awaiting market direction ahead of the release of the Federal Reserve’s September meeting minutes on Wednesday for clues on US rate increases, as well as trade data from China this week.

Concerns over geopolitical risks involving North Korea, also took centre stage, as the country is widely expected to conduct another missile test within the next ten days to mark two major political events.

Among heavyweights, Sime Darby bagged two sen to RM9.14, Petronas Chemicals bagged one sen to RM7.34, Maybank eased one sen to RM9.54, while TNB and Public Bank were flat at RM14.24 and RM20.56 respectively.